XML 12 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2018
Dec. 30, 2017
Current assets:    
Cash and cash equivalents $ 130,580 $ 1,339,572
Accounts receivable-trade, net of allowance for doubtful accounts of $10,000 3,581,805 2,943,373
Inventories, net 3,012,032 2,109,513
Prepaid expenses and other current assets 100,742 101,086
Total current assets 6,825,159 6,493,544
Property and equipment:    
Production equipment 9,303,005 9,299,515
Furniture and office equipment 499,679 499,679
Leasehold improvements 891,817 891,817
Total cost 10,694,501 10,691,011
Accumulated depreciation and amortization (9,429,111) (9,287,006)
Construction in progress 225,753 86,493
Net property and equipment 1,491,143 1,490,498
Deferred taxes 3,228,666 3,038,666
Total Assets 11,544,968 11,022,708
Current liabilities:    
Accounts payable 1,988,576 946,385
Accrued expenses 737,717 655,489
Deferred revenue 100,000
Total current liabilities 2,726,293 1,701,874
Stockholders equity:    
Common stock, $0.01 par value, authorized 20,000,000 shares; issued 13,423,492 shares; outstanding 13,203,436 shares; at March 31, 2018 and December 30, 2017, 134,235 134,235
Additional paid-in capital 35,811,943 35,739,916
Accumulated deficit (26,610,450) (26,036,264)
Less cost of 220,056 common shares repurchased at March 31, 2018 and December 30, 2017 (517,053) (517,053)
Total stockholders equity 8,818,675 9,320,834
Total liabilities and stockholders equity $ 11,544,968 $ 11,022,708